Reports Monitor Global Liquid Biopsy Market Share Analysis

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The Global Liquid Biopsy Market is projected to reach $11,524 million by 2025, registering a CAGR
of 28.2% from 2018 to 2025.
Global Liquid Biopsy Market Analysis and Industry Outlook
The global liquid biopsy market accounted for $ 1,574 million in 2017 and is projected to reach $
11,524 million by 2025. North America was the highest contributor to the liquid biopsy market due
to the presence of leading bio-tech companies and highly equipped research facilities. Asia-Pacific is
anticipated to witness highest growth rate in the analysis period owing to rapid adoption and growth
in awareness regarding non-invasive liquid biopsy test.
Liquid biopsies provide valuable insight regarding the presence of tumor DNA and fragments in the
patient by testing patients’ blood sample. These tests can provide efficient disease monitoring as
well as early detection of various types of cancer which can allow health-care providers to eradicate
or neutralize the disease before it can become life-threatening
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Prevalence of cancer and surge in the incidence of various types of cancer are expected to drive the
liquid biopsy market. In addition, advantages of liquid biopsy over solid tissue biopsy techniques are
one of the major drivers of this market. However, unfavorable reimbursement scenario in many
countries and alternatives to liquid biopsy can impede market growth.
By-product and services, the assay segment is expected to lead the liquid biopsy market due to
growth in liquid biopsy test in many developed regions. Lung cancer is likely to dominate the cancer
type segment owing to the global prevalence of lung cancer.
In 2017, North America dominated the liquid biopsy market due to the presence of modern health-
care infrastructure and well equipped research facilities in the countries such as U.S. and
Canada. However, Asia-Pacific is likely to have the highest growth rate in the market owing to huge
patient population pool and rapid adoption of modern health-care techniques.
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Global Liquid Biopsy Market Key Findings
Hospital & laboratory accounted for the highest revenue in the analysis period. In Asia-Pacific
region, China is projected to grow at the highest CAGR. The instruments segment is expected to
grow at the highest rate in the product and services segment. Government & academic research
center segment is expected to develop at the highest rate during the study period.
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